Month: July 2022
Monkeypox could spread well beyond communities of gay and bisexual men, WHO says
The World Health Organization on Monday cautioned against complacency in the rapidly escalating monkeypox outbreak, saying there is no guarantee that the virus will continue to spread within specific communities. The U.N. health agency said that while cases have so far been concentrated primarily within gay and bisexual communities, there is little evidence to suggest […]
Read More
Here’s how U.S. companies are rethinking vacation time
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Research shows that unplugging and taking paid time off can prevent burnout, but a new study shows a majority of workers in the U.S. plan to take shorter vacations this year. CNBC’s Sharon Epperson joins ‘Squawk Box’ with the details. Source
Read More
Ryanair CFO Neil Sorahan on earnings, fall travel forecast
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Neil Sorahan, CFO for Ryanair Group, joins CNBC’s ‘Squawk Box’ to break down the airline’s earnings report and its forecast for the fall travel season. Source
Read More
Target chases bigger e-commerce profits with new delivery hubs, fleet of drivers
MINNEAPOLIS — Each day, hundreds of drivers park at a delivery hub in Target’s hometown and load up the trunks of their personal cars with packages to deliver to customers. Soon, the big-box retailer will have similar centers and gig workers in three more places − two in the Greater Chicago area and one near […]
Read More
5 things to know before the stock market opens Monday
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters […]
Read More
Stocks making the biggest moves premarket: Newmont, Squarespace, Philips and more
Check out the companies making headlines before the bell: Newmont (NEM) – The mining company’s stock slid 3.3% in premarket trading after it reported lower-than-expected second-quarter earnings. Profit was down nearly 41% from a year ago, hurt by a drop in gold prices. Squarespace (SQSP) – The e-commerce platform provider tumbled 14.4% in the premarket […]
Read More
Wells Fargo cuts Disney price target, says estimates ‘need a reset’ as a recession looms
Disney ‘s estimates remain too high as a recession looms, according to Wells Fargo. “We remain DIS bulls and think upcoming catalysts include Disney+ net adds progressing ahead of investor expectations, as well as potentially launching ESPN+ fully à la carte,” wrote analyst Steven Cahall in a note to clients Monday. “But, it’s not all […]
Read More
Analyst explains why Ryanair has been doing better than many airlines
John Grant of OAG discusses Ryanair’s latest earnings and challenges in the airline industry. Source
Read More
Wheat prices rise after Odessa attack; Russia says it targeted Ukraine military
Kremlin says Odessa strikes hit military infrastructure A spokesperson for the Kremlin on Monday insisted that the strikes in Odessa at the weekend targeted military infrastructure. Repeating an earlier statement from the defense ministry, Dmitry Peskov told reporters that the strikes wouldn’t influence the gain exports from the region. Ukrainian President Volodymyr Zelenskyy called the […]
Read More
Goldman Sachs cuts earnings outlook for MSCI China to zero growth
In China, people typically buy apartments before they are completed. Pictured here on June 28, 2022, are unfinished residences in Nanning, Guangxi Zhuang Autonomous Region. Future Publishing | Future Publishing | Getty Images BEIJING — Goldman Sachs has cut its forecast for the MSCI China index due to a worsening slump in China’s property market. […]
Read More